Poinciana Advisors Group LLC Acquires Shares of 3,669 Amphenol Corporation (NYSE:APH)

Poinciana Advisors Group LLC acquired a new stake in Amphenol Corporation (NYSE:APH - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,669 shares of the electronics maker's stock, valued at approximately $241,000.

Several other institutional investors have also recently bought and sold shares of APH. Bridges Investment Management Inc. raised its holdings in Amphenol by 4.3% during the first quarter. Bridges Investment Management Inc. now owns 217,155 shares of the electronics maker's stock worth $14,243,000 after acquiring an additional 8,929 shares in the last quarter. Topsail Wealth Management LLC bought a new stake in Amphenol during the first quarter worth $594,000. Linden Thomas Advisory Services LLC lifted its stake in Amphenol by 1.8% during the first quarter. Linden Thomas Advisory Services LLC now owns 26,166 shares of the electronics maker's stock worth $1,716,000 after purchasing an additional 451 shares during the last quarter. Greenleaf Trust lifted its stake in shares of Amphenol by 2.6% in the 1st quarter. Greenleaf Trust now owns 58,382 shares of the electronics maker's stock valued at $3,829,000 after acquiring an additional 1,503 shares during the last quarter. Finally, Optimum Investment Advisors lifted its stake in shares of Amphenol by 4.0% in the 1st quarter. Optimum Investment Advisors now owns 4,227 shares of the electronics maker's stock valued at $277,000 after acquiring an additional 164 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Insiders Place Their Bets

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the completion of the transaction, the vice president owned 152,412 shares of the company's stock, valued at $13,532,661.48. This trade represents a 20.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William J. Doherty sold 160,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.54, for a total transaction of $14,326,400.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,764,500 shares of company stock valued at $294,839,785. Corporate insiders own 1.67% of the company's stock.

Amphenol Trading Up 0.8%

NYSE:APH opened at $98.23 on Thursday. Amphenol Corporation has a one year low of $54.77 and a one year high of $99.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. The firm has a market cap of $118.82 billion, a P/E ratio of 47.68, a P/E/G ratio of 2.22 and a beta of 1.13. The firm has a 50-day simple moving average of $90.45 and a 200-day simple moving average of $75.85.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. Amphenol's revenue was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 EPS. Equities analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is 32.04%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on APH. Robert W. Baird raised their target price on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. UBS Group raised their target price on Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Citigroup lifted their price target on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Finally, Evercore ISI boosted their target price on shares of Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.00.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.

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